Estate & Wealth Preservation Planning
May 05, 2023When your time comes, an organized estate and wealth preservation plan pair well with trusts and a will to protect your family financially. Estate preservation planning saves beneficiaries from excessive inheritance taxes, additional attorney fees, and the efficient transfer of assets. An estate encompasses all of the material possessions that belong to you — your… Read more »
2023 Filing Season was Better Than Expected
May 03, 2023Reports are in…2023 Filing Season was Better Than Expected More People Using Professional Tax Services! The word is in “A better tax season for just about everyone.” According to IRS managers, the 2023 filing season might go down in history as one of the best ever. A recent review by the Professional Managers Association notes… Read more »
AJM&A Sponsors Safer Foundation’s 50th Anniversary Met Gala
April 26, 2023Safer Foundation Celebrating 50 years of Providing Second Chances On Saturday, April 29, the Safer Foundation celebrates its 50th Anniversary with a Met Gala. AJM&A is proud to be a sponsor of this important celebration. This milestone event highlights the importance of reconnecting people with records and returning citizens to systems of upward mobility. It… Read more »
More Seniors Equals More Need for Elder Law
April 25, 2023More Seniors with Legal Needs Require Accessible Elder Law Attorneys The percentage of U.S. residents aged 65 or older continues to grow. Many seniors are realizing they have pressing legal needs. These legal issues can range from estate planning to guardianship issues. It can include dealing with financial exploitation and other forms of abuse. Sadly,… Read more »
What to Know About the Different Types of LLCs
April 21, 2023Know Your Choices for the Different Types of LLCs We love a choice. You may not have known that an LLC, limited liability company, can have a variety of business structures. So, you have a choice. Which will best suit your needs? Let’s look at the types of LLCs and what kinds of businesses they… Read more »
TikTok Tax Myths Debunked
April 13, 2023TikTok Tax Myths Prove This is Not the Place for Tax Advice According to a report commissioned in 2021, one in seven videos from TikTok finance influencers is misleading. TikTok tax myths are rampant. Remaining critical about the content found online is crucial especially when it concerns personal finances. Every tax season, nearly 60 million… Read more »
Generational Asset Protection Planning
April 12, 2023None of us can live forever. Even with the best medicine, eventually, we all meet the same finality that Mark Twain so eloquently reminded us is a certainty aside from taxes. That said, the assets we have worked for and built up stay behind. Through generational asset protection, they can at least be directed to… Read more »
Tax Preparers Must Have a WISP for Client’s Sake
April 11, 2023Your Data Security is Our Priority That’s Why We Have a Written Information Security Plan (WISP) Tax professionals play a critical role in our nation’s tax system and maintain a huge amount of taxpayer financial data. All professional tax preparers will be required to create and implement a Written Information Security Plan (WISP). Our… Read more »
FinCEN Adds New Security Measures for LLCs and other Entities.
April 11, 2023FinCEN Requires Beneficial Ownership Information Reporting Rule The U.S Treasury’s Financial Crimes Enforcement Network (FinCEN) made its final rule on implementing the beneficial ownership information (BOI) reporting. This is part of a concerted effort to crack down on the use of corporate structures for illicit purposes. The rule applies to most corporations, limited liability corporations… Read more »
How To Protect Your Business Assets From Future Lawsuits
April 07, 2023With a proactive asset protection plan, you can prevent the loss of assets due to lawsuits. The Chicago estate planning attorneys at Anthony J. Madonia & Associates, Ltd. can help you implement strategies that minimize losses in case of future lawsuits. By meeting with our team of experienced attorneys, you can accomplish the following goals:… Read more »